Absorption

This script is designed to alert one to the possible presence of hidden walls, or visible, that are absorbing a lot of volume without letting price change. Therefore acting as Support and Resistance.

Nota Keluaran:

This new version of absorption measures it using Standard Deviation. You can set a minimum number of Sigma's of Absorption to be displayed. So now it will automatically adjust to the volume of the timeframe of that exchange and symbol. It will show you how much a price is supporting or resisting, by relatively how much volume it absorbs with minimal price change.